Tronox TiO₂ Revenue Rises 19% on Higher Volumes
Tronox Holdings plc reported second-quarter 2026 revenue of $868 million, up 19% from the prior-year period, as higher titanium dioxide volumes helped drive growth.
TiO₂ revenue totaled $700 million, also up 19% year over year. TiO₂ sales volumes increased 18%, while price and mix were flat compared with the second quarter of 2025.
Sequentially, TiO₂ revenue increased 14% from the first quarter. Volumes rose 9%, while price and mix improved 5%.
Tronox reported a GAAP net loss of $171 million for the quarter, including a $103 million tax valuation allowance. Adjusted EBITDA was $73 million, down 22% year over year.
The company said additional TiO₂ price increases announced during the second quarter are now in effect. For the third quarter, Tronox expects TiO₂ pricing to improve by a mid-single-digit percentage sequentially, while volumes are expected to decline by a mid-single-digit percentage due to normal seasonal patterns.
The outlook follows a quarter in which year-over-year TiO₂ pricing and mix remained flat despite the 5% sequential improvement reported from the first quarter.
Tronox is a vertically integrated producer of titanium dioxide pigment, which is widely used to provide opacity, brightness and durability in paints and coatings and other applications.
The results provide coatings manufacturers with another indicator of changing titanium dioxide demand and pricing conditions, including higher sales volumes and emerging sequential price improvement. Follow PCI’s Raw Materials coverage for additional developments affecting coatings ingredients and supply.
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